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NEW QUESTION: 1
The risk management team of a software project has decided that due to the lack of adequate talent in the company, development of a specific part of the system is under high risk, so the team has decided to outsource it. This is an example of which risk response?
A. Share
B. Transfer
C. Avoid
D. Accept
Answer: B
Explanation:
Explanation/Reference:
Explanation:
11.5.2.1 Strategies for Negative Risks or Threats
Three strategies, which typically deal with threats or risks that may have negative impacts on project objectives if they occur, are: avoid, transfer, and mitigate. The fourth strategy, accept, can be used for negative risks or threats as well as positive risks or opportunities. Each of these risk response strategies have varied and unique influence on the risk condition. These strategies should be chosen to match the risk's probability and impact on the project's overall objectives. Avoidance and mitigation strategies are usually good strategies for critical risks with high impact, while transference and acceptance are usually good strategies for threats that are less critical and with low overall impact. The four strategies for dealing with negative risks or threats are further described as follows:
Avoid. Risk avoidance is a risk response strategy whereby the project team acts to eliminate the threat or
protect the project from its impact. It usually involves changing the project management plan to eliminate the threat entirely. The project manager may also isolate the project objectives from the risk's impact or change the objective that is in jeopardy. Examples of this include extending the schedule, changing the strategy, or reducing scope. The most radical avoidance strategy is to shut down the project entirely. Some risks that arise early in the project can be avoided by clarifying requirements, obtaining information, improving communication, or acquiring expertise.
Transfer. Risk transference is a risk response strategy whereby the project team shifts the impact of a
threat to a third party, together with ownership of the response. Transferring the risk simply gives another party responsibility for its management-it does not eliminate it. Transferring does not mean disowning the risk by transferring it to a later project or another person without his or her knowledge or agreement. Risk transference nearly always involves payment of a risk premium to the party taking on the risk. Transferring liability for risk is most effective in dealing with financial risk exposure. Transference tools can be quite diverse and include, but are not limited to, the use of insurance, performance bonds, warranties, guarantees, etc. Contracts or agreements may be used to transfer liability for specified risks to another party. For example, when a buyer has capabilities that the seller does not possess, it may be prudent to transfer some work and its concurrent risk contractually back to the buyer. In many cases, use of a cost- plus contract may transfer the cost risk to the buyer, while a fixed-price contract may transfer risk to the seller.
Mitigate. Risk mitigation is a risk response strategy whereby the project team acts to reduce the
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Accept. Risk acceptance is a risk response strategy whereby the project team decides to acknowledge
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NEW QUESTION: 2
Leading ledger (Choose Four)
A. uses fiscal year variant assigned to company code
B. manages only currencies assigned to company code
C. exactly one leading ledger per company code
D. values from leading ledger are posted to CO in standard system
E. uses posting period variant assigned to company code
Answer: A,C,D,E
NEW QUESTION: 3
Given the following partial configuration for Router A:
interface serial 0
ip address 10.1.1.1 255.255.255.0
encapsulation frame-relay
ip ospf network point-to-multipoint
router ospf 7
network 10.1.1.0 0.0.0.255 area 0
Which two statements are correct? (Choose two.)
A. OSPF neighbor statements are not necessary.
B. DR/BDR elections do not take place.
C. The router is restricted to a hub and spoke topology.
D. The area 0 NBMA cloud is configured as more than one subnet.
Answer: A,B
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